Articles tagged with: (SECP)
2.24 million Non-Bank Microfinance borrowers provided relief
Islamabad, July 14, 2020 (PPI-OT): As reported on June 30, 2020, the Non-bank Microfinance Companies (NBMFCs) have reschedule loans of worth Rs36billion of total 2,244,605 individuals and microenterprises. The SECP had relaxed the regulatory requirements for non-bank finance sector allowing…
SECP introduces Professional Clearing Member Regulations
Islamabad, July 06, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has issued draft Professional Clearing Members (PCM) Regulations, 2020 for public consultation. Professional clearing members denotes the concept of a third-party independent institution, which will offer custodial…
SECP strongly condemns terrorist attack at Pakistan Stock Exchange
Islamabad, June 30, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) strongly condemns the terrorist attack at Pakistan Stock Exchange (PSX) and expresses its grief and sorrow on the loss of precious lives. The SECP and the PSX…
Chairman SECP Aamir Khan unveils NBFI and Modaraba Year Book – 2019
Islamabad, June 26, 2020 (PPI-OT): The Chairman SECP, Aamir Khan, here on Thursday unveils the Non-Banking Financial Institutions (NBFIs) and Modaraba Association of Pakistan Year-Book for 2019. Addressing the virtual launch ceremony, the Chairman SECP remarked that the immense potential…
SECP extends timeline for AMCs to complete Investor’s Suitability Assessment
Islamabad, June 24, 2020 (PPI-OT): To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s…
SECP provide relief to borrowers of Non-Bank Microfinance Sector
Islamabad, June 15, 2020 (PPI-OT): The SECP’s permission to non-bank microfinance companies (NBMFCs) to reschedule the loan portfolio not only helped NBFCs to adjust their portfolio at risk but also resulted in extending relief to 932,862 individuals and micro-enterprises who…